Breaking news

Impressive Growth in Cyprus Tourism Revenue: €223.3m in Q1 2024, Surging 11.7% YoY

Revenue from tourism reached an estimated €223.3m in January–March 2024, rising 11.7% compared to €200m in the first quarter of 2023, Cystat said.

Based on the results of its Passengers Survey, in March, revenue from tourism reached €113m, compared to €97.8m in the corresponding month of 2023, recording an increase of 15.5%.

The average expenditure per person was €558.88 in March 2024 compared to €530.72 in March 2023 (up 5.3%).

Tourists from the United Kingdom, again Cyprus’ largest tourist market with 31.8% of the total in March, spent on average €73.49 per day, while tourists from Poland, the second largest market with 10.4% of total tourists, spent on average €75.86.

Tourists from Germany, the third largest market with 9.8%, spent on average €98.66 per day, while tourists from Greece with 9% of the market, spent on average €43.37 per day.

Finally, tourists from Israel, the fifth place on the market with 8.2%, spent on average €143.21 per day.

Zest Raises $1.8 Million To Build AI-Powered Restaurant Discovery Platform

Innovative Approach To Restaurant Discovery

Restaurant discovery startup Zest is using transaction data and artificial intelligence to generate dining recommendations based on users’ actual spending habits rather than reviews or saved wishlists. Founded in November 2024, the company aims to help users discover restaurants through verified dining activity and personalized recommendations.

Strategic Funding And Early Adoption

Founded in November 2024, Zest has rapidly captured market attention with $1.8 million in pre‐seed funding from notable investors, including Alexis Ohanian via 776 and Steve Jang at Kindred Ventures. The platform, which has been in beta since inception, expanded its user base steadily from a circle of friends and family to a broader audience, garnering over 100,000 visits in a matter of weeks post-launch.

Data-Driven Personalization In Action

Unlike other apps that simply compile dining wishlists, Zest’s distinctive advantage lies in its reliance on verifiable transaction data. By linking a user’s credit card to the platform, Zest imports verified dining transactions to create a personalized map of favorite eateries. This transparent method extends beyond curated posts, instead offering recommendations based on the frequency and monetary investment users commit to their chosen spots.

Leveraging Trusted Financial Partnerships

Zest integrates data through Plaid, a leading financial services provider trusted by major banks and fintech innovators. This partnership ensures that only dining-related transactions are extracted, improving the accuracy of its personalized mapping while preserving user privacy and data integrity.

Curating The Authentic Dining Experience

Co-founder Mario Gomez-Hall emphasizes the platform’s focus on genuine dining experiences over ostentatious social sharing. “It’s about uncovering your regular spots, the dependable ‘hole in the wall’ you love, not just the high-end, Michelin-rated restaurants,” he explains. With the combined technical expertise of co-founder Alex Moller, whose background includes Apple and other tech giants, Zest is poised to set a new standard in authentic dining exploration.

Expanding The Culinary Landscape

Alongside transaction-based recommendations, Zest analyses more than 80 million reviews from multiple sources, including Michelin and Reddit. The startup is also introducing new features that allow users to save personal notes about restaurants and share recommendations. A new “Fresh Picks” feature will highlight recently discovered restaurants in a format similar to Spotify’s Discovery Weekly.

Beyond Restaurants: A Vision For Urban Exploration

The company plans to expand beyond restaurant recommendations and explore additional categories of local experiences, including shopping and nightlife. According to Gomez-Hall, the long-term goal is to build a broader discovery platform focused on helping users navigate cities through personalized recommendations.


Aretilaw firm
eCredo
The Future Forbes Realty Global Properties
Uol

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter